Stop Subsidizing Multimillion Dollar Corporate Bonuses Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 1576 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 1576 To amend the Internal Revenue Code of 1986 to expand the denial of deduction for certain excessive employee remuneration, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES May 1, 2025 Mr. Reed (for himself, Mr. Blumenthal, Ms. Baldwin, Ms. Warren, Mr. Merkley, Mr. Van Hollen, Mr. Sanders, and Mr. Whitehouse) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to expand the denial of deduction for certain excessive employee remuneration, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Stop Subsidizing Multimillion Dollar Corporate Bonuses Act''. SEC. 2. EXPANSION OF DENIAL OF DEDUCTION FOR CERTAIN EXCESSIVE EMPLOYEE REMUNERATION. (a) In Gene…